3 ms·
absolutely startups can be inefficient but government projects are at a wholly different order of magnitude. Some startups will crush $20M and then die, and yet
by dustingetz 2y ago
absolutely startups can be inefficient but government projects are at a wholly different order of magnitude. Some startups will crush $20M and then die, and yet the best ones, such as facebook, return 100,000x ROI on that same $20 mil. Govt projects will crush $200M, deliver nothing and then go to recompete so another vendor can have a turn.
- fireflash38 2y agoThose sound like contractors, so a private company that's failing here? Or am I misreading?
- guax 2y agoMeta spent how many billions on Metaverse and has what to show for it? Some argue it was wasteful.
- dustingetz 2y agosell your stock then if you are a shareholder, it's up 225% on 5yr chart, 1525% since IPO, and has risen to a $1.7T mkt cap since the $13M Series A at $100M Post in 2005. That's a 100,000x ROI on the A if I did the math right, forgive me there are a lot of zeros to keep track of
- insane_dreamer 2y agoThe problem is not the government being inefficient and wasteful but the contractors -- aka private companies -- being inefficient and wasteful.